Live updates: Apple beats profit forecasts, ASX set to rise to fresh record

Live updates: Apple beats profit forecasts, ASX set to rise to fresh record

Source: ABC News

Australian shares are expected to rise at the open. Tech giant Apple beat Wall Street's expectations with its latest earnings despite falling iPhone sales. Follow live.

Apple beat Wall Street's quarterly profit estimates after the close of US trade today, but iPhone sales and China revenue for the holiday quarter were weak due to stiff Chinese competition and a slow rollout of artificial intelligence features.
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